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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release Juris 20, 1957 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of daily figures of member bank reserves for the week ending June 19 increased $314 million to $19,148 million. Estimated required reserves increased $217 million; and estimated excess reserves increased $97 million to $592 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $497 million, compared with $556 million the week before. The principal changes supplying average reserves were increases of $448 million in Federal Reserve float and $38 million in member bank borrowings. The principal offsetting changes were increases of $59 million in "other" deposits with Federal Reserve Banks and $55 million in Treasury deposits with Federal Reserve Banks, and a decrease of $42 million in Federal Reserve holdings of U. S. Government securities. Total Reserve Bank credit increased $436 million. As of Wednesday, June 19, holdings of U. S. Government securities bought outright were $19 million lower than a week earlier and member bank borrowings were $247 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought outright—System account Held under repurchase agreement Acceptances-Bought outright Held under repurchase agreement Loans, discounts, and advancesMember bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Averages of daily figures For week ending Change from week ending June 19, 1957 June 12, 1957 June 20. 1956 (In millions of dollars) 22,880 50 20 1 - 46 + 4 mmmm 4" 1 -612 + 50 + + 4 1 +325 1,089 1 1,384 25,424 22,621 5,106 53,151 +436 -123 -355 +823 + 73 +54l Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R, Banks Other F. R. accounts (net) 30,904 782 518 389 335 1,076 34,004 + l - 9 + 55 + 10 + 59 + 7 +123 +363 + 8 - 17 + 58 + 18 + 78 +510 Member bank reserves— Required reserves (estimated) Excess reserves (estimated) 19,148 18,556 592 +314 +217 + 97 + 32 + 56 - 24 + 38 - 8 +448 +436 -»*"» — — w M For Wednesday Federal Reserve figures see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANK COMBINED - attached. Latest Wednesday figures for other items appearing above are, in millions of dollars: Gold stock 22,622 Treasury cash holdings 784 Treasury currency outstanding 5,106 Member bank) - Required (est.) 18,692 Money in circulation 30,837 reserves ) - Excess (est.) 360 On June 19, 1957> U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,747 million, an increase of $74 million for the week and an increase of $18 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since June 20, June 12, 1956 1957 June 19, 1957 21,099,392 837,415 21,936,807 317,758 337,510 1,043,858 725 19,415 1 1,741 1,742 + 7,636 + 14,345 - 246,654 48 4 135,213 11,362,199 8,571,413 2,801,750 22,870,575 - 18,750 « + - + + - + - + + - 829,153 3,652 825,501 39,355 21,425 292,280 151 4,294 468,057 429,500 582,500 — - 18,750 * 621,057 621,057 - 265,456 +2,001,805 + 532 8,180 +1,748,940 + + + LIABILITIES Federal Reserve notes Deposits: 26,485,740 - 30,249 + 311,705 19,051,894 601,901 369,987 282,553 20,306,335 5,627,067 21,635 52,440,777 + 20,652 + 178,374 - 24,827 + 10,747 + 184,946 +1,582,720 + 511 +1,737,928 + + 119,328 144,425 44,464 574 18,793 646,127 986 975,639 332,433 747,593 27,543 245,079 53,793,425 + + + 16,961 53,981 Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS & o- 23,934,573 22 6,979,766 78,919 208,070 53,793,425 s Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS . 22,870,575 1 ASS E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances—bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U, S. Government securities - 324,634 -- 228 mmm 544,769 11,370 3,015 +1,077,951 - + + + . -- + 10,784 +1,748,940 + 31,370 +1,077,951 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.9$ .1$ + 1.5# Contingent liability on acceptances purchased 6l4* + 17,084 62,625 for foreign correspondents 1,800 + 48 826 Industrial loan commitments June 12 figure revised. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JUNE 19, 1957 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total Discounts and Industrial advances loans 1,015,696 63 28,162 29 441 192 1,043,858 7§ Acceptances 5,930 13,485 19,415 U. S. Government securities 7,500 7,985,278 12,088,540 680,635 750,375 1,358,247 22,870,575 STATEMENT OF CONDITION OF Efi.CE FEDERAL RESERVE BANK ON JUNE 19, 1957 H.4.l(b) Total Boston New York Philadelphia ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F.R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Cleve, , Richmond Atlanta Chicago land I (In thousands of dollars) 7 St. Louis Minneapolis Kansas City Dallas San Francisco 21,099,392 1131,125 5,645,578 1083,364 1846,552 1347,326 816,986 3889,840 878,896 360,195 830,999 744,907 2523,624 837.415 54.538 173.327 58.947 71.899 66.980 49.018 151.730 42.615 22.570 40.616 25.380 77.795 21,936,807 1185,663 5,818,905 1142,311 1920,451 1414,306 866,004 4o4l,570 921,511 382,765 871,615 770,287 2601,419 317,758 337,510 15,109 21,163 64,347 71,465 1,043,858 725 66,490 327 307,150 19,415 135,213 11,362,199 8,571,413 2.801.750 22,870,575 21,950 34,003 16,514 17,794 69,574 29,312 28,014 51,867 9,721 19,010 10,659 9,318 6,211 11,350 25,708 12,985 29,259 41,041 98,545 150,600 365 34,331 45,897 96,015 17,975 72,565 33 88,840 28,700 36,750 20,692 18,202 19,415 7,892 11,877 8,640 33,814 7,375 619,763 2,841,470 663,246 998,033 725,965 467,536 2,143,548 500,339 752,896 547,653 ±y^,024 700,664 163,547 246,100 179.012 152.824 1247,498 5,719,496 1335,024 2008,906 1461,270 7,003 23,602 588,528 1983,283 443,974 1496,149 145.122 489.048 1184,627 3992,082 2,918 5,805 5,299 15,396 5,592 469,884 245,196 487,813 445,273 1293,745 354,471 184,971 367,996 335,905 975,975 115.866 60.462 120.288 109.798 319.019 945,813 493,547 981,902 896,275 2604,135 Total U. S. Govt, sees. 22,870,575 1247.498 5,719,496 1335,024 2008,906 1461,270 1184,627 3992,082 945,813 493,547 981,902 896,275 2604,135 Total loans & securities 23,934,573 1314,315 6,046,061 1433,934 2159,506 1495,601 1230,524 4088,097 963,788 566,145 1070,742 924,975 2640,885 Due from foreign banks Uncollected cash items Bank premises Other assets 1 2 1 1/ 6 2 2 1 1 3 1 1 1 22 308,535 616,694 527,515 1,5347662 490,812 669,050 514,566 498,072 1076,437 269,804 168,693 304,926 6,979,766 5,104 10,596 5,218 9,854 4,670 8,917 7,211 5,403 6,510 5,482 5,222 4,732 78,919 8.919 23,731 11,108 50,880 11,840 18,179 13,107 10,855 37,881 8,373 4.461 8,736 208,070 TOTAL ASSETS 53,793,425 3080,092 13,596,180 3122,463 4832,058 3479,100 2709,745 9330,379 2197,690 1147,264 2278,313 2056,514 5963,627 1/ After deducting $16,000 participations of other Federal Reserve Banks. E.h.l(c) Total L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S.Treas.-gen.acct. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 19, 1957 St. Phila- CleveBoston New York delphia land Richmond Atlanta Chicago Louis (In thousands of dollars) Kansas City San Dallas Francisco 26,485,740 1579,673 6,224,453 1692,905 2507,046 2086,325 1248,209 5124,56? 1176,396 483,421 1059,519 683,650 2619,576 19,051,894 846,203 5,468,474 879,159 1563,169 844,283 923,974 2992,556 707,042 429,246 869,548 988,645 2539,595 41,382 30,358 46,172 39,788 55,564 122,010 38,703 55,496 36,791 29,940 55,328 601,901 50,369 8,688 13,756 18,824 40,544 369,987 20,996 1/109,709 25,340 32,580 18,462 16,290 51,404 13,394 348 2,003 2,065 34,466 344 9,879 1,313 3,412 1,214 1,604 849 ~ 225,056 282,553 493,778 922,098 1039,474 2669,933 759,483 918,417 5,844,621 9^4,736 1643,234 905,945 997,042 3167,574 20,306,335 5,627,067 501,877 1,151,821 389,653 558,436 413,827 400,392 837,551 208,716 135,439 241,911 264,4l6 523,028 738 746 1,055 1,988 699 1,129 6,118 1,076 2,391 , 988 1,004 3,703 21,635 2145,294 1113,376 2224,274 1988,595 5814,525 52,440,777 3001,096 13,227,013 3028,370 4711,107 3407,0% 2646,647 9133,395 332,433 747,593 27,543 245,079 17,111 43,948 3,011 14,926 95,159 208,002 7,319 58,687 21,063 52,301 4,489 16,240 31,985 66,393 1,006 21,567 15,288 37,594 3,349 15,784 16,119 45,512 33,179 110,421 762 1,429 13,038 39,622 11,369 29,331 521 11,175 7,310 18,520 1,073 6,985 13,463 27,983 1,137 11,456 18,629 37,508 1,307 10,475 39,425 82,413 2,140 25,124 53,793,425 3080,092 13,596,180 3122,463 4832,058 3479,100 2709,745 9330,379 2197,690 1147,264 2278,313 2056,514 5963,627 8,875 2,313 1,500 2,375 3,250 7,000 3,187 2,813 5,625 4,375 83 — — 1,648 —— — 14 55 FEDERAL RESERVE AGENTS! ACCOUNTS 1623,845 6,511,660 1770,940 2582,980 2143,378 1308,329 5226,568 1230,162 532,500 1089,270 727,389 2772,194 27,519,215 62,625 1,800 3,625 F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. 11,898,000 580,000 205,360 Eligible paper U. S. Govt, securities 16,905,000 1150,000 _______ 29,008,360 1730,000 Total collateral 1 / After deducting $260,278,000 participations 2/ After deducting $44,938,000 participations Minneapolis 2/17,687 3,170,000 640,000 1130,000 915,000 400,000 2400,000 450,000 130,000 300,000 283,000 1500,000 17,975 — 88,840 -98,545 875.000 425.000 820.000 525.000 1500.000 3,600,000 1200,000 1500.000 1310.000 1000.000 3000.000 6,770,000 19387545 2630.000 2225.000 1400.000 5400.000 1142.975 555.000 1208.840 808.000 1000.000 of other Federal Reserve Banks. of other Federal Reserve Banks.
@FedFRASER